Intero Market Report

Morgan Hill, CA

Single-Family Homes

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Morgan Hill, CA

Sun Dec 03 2023
This week the median list price for Morgan Hill, CA is $1,649,000 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has held steady at or around 42. Click here to stay informed with the Morgan Hill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Morgan Hill, CA

Sun Dec 03 2023
This week the median list price for Morgan Hill, CA is $1,649,000 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has held steady at or around 42. Click here to stay informed with the Morgan Hill market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Morgan Hill market.
Median List Price $1,649,000
Median Price of New Listings $1,049,943
Per Square Foot $629
Average Days on Market 81
Median Days on Market 35
Price Decreased 19%
Price Increased 2%
Relisted 7%
Inventory 42
Median Rent
Market Action 48
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,844,000 3,497 2.5 - 5 acres 4 3.5 32 0 0 66
$1,899,000 2,961 0.25 - 0.5 acre 4 3 25 0 1 52
$1,399,000 2,372 0.25 - 0.5 acre 4 2.5 47 0 1 21
$950,000 1,296 6,500 - 8,000 sqft 4 2 33 4 1 14